Campbell Soup (NASDAQ:CPB) Receives $50.75 Average Price Target from Analysts

Campbell Soup (NASDAQ:CPB) has been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $50.75.

A number of equities analysts recently commented on the company. Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Wells Fargo & Company cut their price target on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Barclays decreased their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Finally, Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th.

Campbell Soup Trading Up 0.2 %

Shares of NASDAQ:CPB opened at $39.06 on Wednesday. The firm has a fifty day moving average of $42.41 and a two-hundred day moving average of $46.23. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. Campbell Soup has a 12-month low of $37.61 and a 12-month high of $52.81. The firm has a market capitalization of $11.64 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 2.69 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. On average, equities analysts expect that Campbell Soup will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, January 2nd. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.99%. Campbell Soup’s payout ratio is 85.25%.

Insider Transactions at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Campbell Soup

Several institutional investors have recently modified their holdings of the company. Blair William & Co. IL lifted its position in Campbell Soup by 0.5% in the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after purchasing an additional 218 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in shares of Campbell Soup by 1.3% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock worth $986,000 after acquiring an additional 254 shares during the period. Ballentine Partners LLC boosted its position in shares of Campbell Soup by 2.8% during the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock valued at $404,000 after acquiring an additional 262 shares in the last quarter. Diversified Trust Co increased its stake in Campbell Soup by 0.3% in the third quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock valued at $4,297,000 after acquiring an additional 283 shares during the period. Finally, V Square Quantitative Management LLC raised its position in Campbell Soup by 4.0% in the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock worth $369,000 after purchasing an additional 287 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.